PPL, Riverstone Holdings to Merge - KULR-8 Television, Billings, MT

PPL, Riverstone Holdings to Merge

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BILLINGS -

PPL announces it will merge its merchant power generation business with that of Riverstone Holdings.

The combined business will be called Talen Energy Corporation, which will generate more than 15,000 megawatts of energy. Under the agreement, PPL will own 65 percent and Riverstone will own 35 percent of the new company.

The companies have generation plants in Montana and five other states in the US.

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